AUD/JPY IG Client Sentiment: Our data shows traders are now net-long AUD/JPY for the first time since Mar 11, 2021 when AUD/JPY traded near 84.52.
Number of traders net-short has decreased by 12.79% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
AUD/JPY: Retail trader data shows 50.44% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Mar 11 when AUD/JPY traded near 84.52, price has moved 1.46% lower since then. The number of traders net-long is 18.65% higher than yesterday and 27.22% higher from last week, while the number of traders net-short is 10.71% lower than yesterday and 12.79% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/JPY prices may continue to fall.
Our data shows traders are now net-long AUD/JPY for the first time since Mar 11, 2021 when AUD/JPY traded near 84.52. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.
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